Stone Bank Mortgage Rates, Fees & Info
Little Rock, ARLEI: 549300UMOKQUJLI81448
Tax ID: 71-0271595
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Mortgage Data
Review & Overview
Stone Bank is a smaller bank specializing in Home Purchase and Refi loans. Stone Bank has a high proportion of conventional loans. Their top markets by origination volume include: Little Rock, Searcy, Pine Bluff, Hot Springs, and Harrison among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Stone Bank has an above average approval rate when compared to the average across all lenders.
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Originations
104Origination Dollar Volume (All Markets)
$24,970,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 62 | $15,190,000 | $245,000 | $0 | 0.00% |
| Searcy, AR (FHA|USDA|VA) | 5 | $5,505,000 | $1,101,000 | $0 | 0.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 19 | $1,465,000 | $77,105 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $845,000 | $120,714 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $0 | 0.00% |
| Harrison, AR (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 104 | $24,970,000 | $240,096 | $0 | 0.00% |
For 2023, Stone Bank's most frequently originated type of loan was Conventional, with 104 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 71 | $18,385,000 | $258,944 | $0 | 0.00% |
| Home Improvement | 18 | $980,000 | $54,444 | $0 | 0.00% |
| Refi | 15 | $5,605,000 | $373,667 | $0 | 0.00% |
For 2023, Stone Bank's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 104 | $24,970,000 | $240,096 | $0 | 0.00% |
For 2023, Stone Bank's most frequently cited loan duration was Other, with 104 originations.
Loan Sizing
2023 saw Stone Bank place emphasis on $100,000 or less loans with 39 originations, totaling $2,035,000 in origination value.
Applicant Income
Stone Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 104 | $24,970,000 | $240,096 | $0 | 0.00% |
Stone Bank lent most frequently to those with DTI ratios of Exempt%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.11%
Stone Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 104 | $24,970,000 | $240,096 |